Focus on the pronunciation of tax-favoured
English definition of “tax-favoured”
tax-favoured UK (US tax-favored)
adjective FINANCE, TAX
› tax-favoured investments allow people to keep profits up to a particular limit without having to pay tax on them: ISAs were essentially set up to allow people on lower incomes to save in a tax-favoured environment. The measure will make it easier for employees and employers to contribute to tax-favored savings accounts.